LCAIX vs. UPAAX

Last updated Jun 4, 2026

LCAIX (Lazard Opportunistic Strategies Portfolio) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. At a correlation of -0.50, they often move in opposite directions. LCAIX charges 1.02%/yr vs 2.49%/yr for UPAAX.

Performance

LCAIX vs. UPAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Opportunistic Strategies Portfolio (LCAIX) and Upright Assets Allocation Plus Fund (UPAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LCAIX

• 1D: 0.09%
• 1M: 4.08%
• YTD: 8.28%
• 6M: 8.63%
• 1Y: 19.57%
• 3Y*: 14.05%
• 5Y*: 6.32%
• 10Y*: 7.07%

UPAAX

• 1D: 2.35%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCAIX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
LCAIX Lazard Opportunistic Strategies Portfolio	0.37%
UPAAX Upright Assets Allocation Plus Fund	3.87%

Correlation

The correlation between LCAIX and UPAAX is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.50

Return for Risk

LCAIX vs. UPAAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCAIX

LCAIX Risk / Return Rank: 50
LCAIX Sharpe Ratio Rank: 49
LCAIX Sortino Ratio Rank: 46
LCAIX Omega Ratio Rank: 47
LCAIX Calmar Ratio Rank: 53
LCAIX Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCAIX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Opportunistic Strategies Portfolio (LCAIX) and Upright Assets Allocation Plus Fund (UPAAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LCAIX	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	11.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LCAIX	UPAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	132.47	-132.09

Drawdowns

LCAIX vs. UPAAX - Drawdown Comparison

The maximum LCAIX drawdown since its inception was -40.62%, which is greater than UPAAX's maximum drawdown of -0.25%. Use the drawdown chart below to compare losses from any high point for LCAIX and UPAAX.

Drawdown Indicators

	LCAIX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.62%	-0.25%	-40.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.99%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-6.89%	-0.08%	-6.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	—	—

Volatility

Volatility by Period

	LCAIX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	21.58%	-11.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	21.58%	-9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.89%	21.58%	-9.69%

LCAIX vs. UPAAX - Expense Ratio Comparison

LCAIX has a 1.02% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

LCAIX vs. UPAAX - Dividend Comparison

LCAIX's dividend yield for the trailing twelve months is around 13.46%, while UPAAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCAIX Lazard Opportunistic Strategies Portfolio	13.46%	14.58%	10.24%	3.04%	3.64%	4.32%	2.11%	1.97%	6.02%	7.72%	1.67%	2.94%
UPAAX Upright Assets Allocation Plus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCAIX and UPAAX in my portfolio?

LCAIX and UPAAX have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.